Your Denver Home’s Equity Could Be the Answer

When I got into real estate here in Denver one of the first things I realized was there were months with nothing and others with plenty. Home sales were good and bad, so I needed some kind of way to fill in the dips, valleys and smooth the road. A Home equity line did the trick. Here is somemore…

A home equity line of credit (known as a HELOC), is a mortgage loan made to homeowners to be used on an as-needed basis. A lender, such as a bank, will approve a borrower for a specified amount based on the equity in their home and all the necessary paperwork is signed to authorize the loan.

The line of credit amount is available to the borrower and no interest is due until some or all the money is used. When the money is paid back, the line of credit is again available in full to the borrower.

The specifics of the repayment will depend on the HELOC lender. It may require interest only or it may require amortized payments of principal and interest.

The proceeds from a HELOC can be used to make improvements on the home or anything else such as medical expenses, college tuition or unexpected expenses or other liquidity issues.

Unlike personal credit card interest, the interest on a HELOC may be tax deductible. Your tax advisor will be able to let you know about your situation.

Rates and fees can vary widely on HELOC loans. Borrowers should shop around, compare and get recommendations before deciding on a lender.

The truth is that sometimes folks in Denver use HELOCs for other purposes. One purpose might be to buy an investment property or a college condo; or a kitchen update, or even add on to the house. One thing you cannot do is get a HELOC when your house is on the market for sale. SO make sure you reach out before so we can talk through your plans. CONTACT ME

About Pete Doty

As a Realtor® Pete has been working in the Denver residential market since he first started in 1985, and focusing primarily in the south end of town. He finds the client the home they want, and then help them sell it when they want to move. Marketing is really where his heart is, and making sure his clients’ interests are watched over in Littleton, Highlands Ranch, Parker, Castle Rock, Centennial, Englewood, Morrison or Denver. His web site www.DenverRelocation.com ranks high in search rankings and generates numerous relocating buyers each year. Talk to Pete for a unique perspective on today's real estate market in Denver.

“Pete Doty contacted us by letter because we lived out of state. When we decided to sell, we contacted Pete for an interview. Pete came with a professionally prepared marketing plan. When we asked questions about getting the home ready to sell, he had a number of qualified contractors. Because we were from out of state, he personally oversaw the work being done on the home. The sale went quickly and smoothly. We would definitely recommend Pete and his staff.”

“The recent sale of our house marks the 5th time we've used the professional services of Pete Doty & Metro Brokers... & we're currently working with him on our next home purchase! We've referred family, friends & associates who have mentioned real estate (RE) needs, to Pete over the last 11 years & they've enjoyed working with him as well. His knowledge of Colorado RE is phenomenal & his attention to the details is greatly appreciated. Pete's not just our realtor -- he's part of the family!!”

“Pete helped us when we bought this townhouse three years ago. He was great to deal with then and with the recent sale of the townhouse. He is very knowledgeable about market conditions and has always done a great job for us.”

“The most important thing when selling your house is to find someone who knows what they're doing and has experience, lots of it. That's Pete.
All of the realtors out there are friendly and will make you feel comfortable, so go further and get someone with plenty of knowledge like Pete Doty.”

“I have known Pete for many years now. He has helped me purchase and sell several properties. His knowledge of the local market, market trends and his professionalism have always made it easy to employ his services again and again. I recommend Pete to friends and family. Pete not only helps you sell or buy a home, he also knows many people in the community that can help with work before and after your purchase.”

“My family and I were relocating back to the Colorado area. I reached out to Pete Doty because I was not familiar with the area we were looking at. He was extremely helpful from the beginning. We had a small weekend window to look at houses. Pete understood our situation and was able to go above and beyond by showing us a number of houses in one day. He worked with us over a holiday to secure a house and work through the contract process. Pete helped us through the cross country move and took a lot of stress off our shoulders. I would recommend him to family and friends because he really does go the extra mile for his clients.”

“Pete Doty's past number of years experience with people and his enthusiasm for the business came across well. He was easy to work with and I was very happy with the outcome of the salle of my condominium..
I enjoyed his quick wit and sense of humor, too, making a potential stressful event easier to handle.
Pete's success is in no doubt due to his honesty and well earned reputation in the industry! I respect his negotiating skills and I would definitely call on him again for any future realty business.”

“When we decided to move to the Denver area, we asked a realtor friend of ours if he had any recommendations on a realtor in the area. He gave us Pete's name and number. What a break for us. Over a 4 month period, Pete not only took the time (as much as we needed) to drive us around to look at houses, but made recommendations and suggestions that helped facilitate the process and made it very easy for us. I could go on with numerous specifics, but suffice to say, Pete's knowledge of the market, willingness to share insights regarding areas and houses and his professionalism (this also applies to the team he has working with him) all added up to a very successful experience.”

“Pete Doty is very personable, and made the sale experience easy for me.
When there was something needing to be fixed Pete got one of his experts to review the situation. The outcome was that in agreement with the buyer the problem was fixed for a third of the original cost
I value his integrity and availability.”

“This experience was great. With communication taking place in two states for this process. Pete kept everyone in the loop and is VERY knowledgeable about Denver properties. He would show us things in homes that to the regular person you wouldn't think of. We learned a lot thru this process, and it was because of Pete. Thank you!!”

Mike and I truly enjoyed working with you. Because we were already out of state this sale could have been a nightmare, but it wasnt. You offered great suggestions and were very helpful and we would definately utilize your services again. Many Thanks.

“Pete took control and did a fantastic job. He is a professional at his work. I am glad to have the opportunity of working with him. I would recommend Pete to anyone that is seriously wanting to buy or sell a home”

“Pete Doty's knowledge of our neighborhood and the local market truly streamlined our home search. Pete also showed he had our best interests at heart by pointing out features of each home we may have overlooked. Good or bad. This helped us feel more confident and comfortable with our final decision.”

“Buying a home is an extremely complicated and stressful process. For me it's imperative that when I have a question I can reach someone that's knowledgeable and can put my mind at ease. Pete Doty and Lori Richardson were always accessible, and on the rare occasions they weren't, I'd leave a message and my call was always promptly returned by them or someone in the office. Both are the epitome of fantastic customer service, which unfortunately, doesn't happen much anymore.”

“very knowledgeable and available. we felt very comfortable with Pete and his recommendations for other services ie; electrical, roofer, furnace installer etc.was very helpful. we would definitely refer Pete to friends and family.”

“Pete Doty was extremely helpful and continuously gave us tips throughout the process of purchasing our first home. We could not be more pleased!!! He was extremely knowledgeable.
Each person we dealt with throughout our home buying process was fantastic. Everyone was prompt and knowledgeable.
We were very nervous buying our first home and Pete and his staff made it easy. We have been bragging about Pete and everyone since we closed: )
We would recommend Pete to anyone because he was knowledgeable, caring and trustworthy. We knew he had our best interests at heart which was so important to us being that this was our first home-buying experience.”

“In need of a great broker? Give Pete Doty a call.
My father passed away and Pete was highly recommended by a family member from
Ohio who is also a broker. I needed to sell my Dads home in Colorado,but I live in
Ohio! Pete Doty,did all the work for me and called and emailed me with every step.
Pete even went by and checked on the house all the time,because I had no one there
to do so, even right after the flooding he was there to make sure the home was safe.
Thank goodness it was . I can tell you, if you need a person to trust in,I HIGHLY recommend you give Pete Doty a call to sell or buy a home@303-880-5585.”

“Pete was a top-tier professional from beginning to end. He took the time to understand our needs and found us the perfect home. His knowledge of the area and local market were a continual source of help to us as first-time home buyers. And his steady hand and patience were invaluable as we went through the process of negotiating the contract. I would whole-heartedly recommend Pete to my family and friends.”

“Pete was exceptional to work with. Moving to a new city and buying a house can be overwhelming, but Pete made the experience stress free and fun. He introduced me to the various neighborhoods in Denver and showed me houses that truly met what I was looking for. I can't thank Pete and his team enough for all of their help and will be recommending them to my family and friends when they are ready to buy/sell a house!”

“We met Pet at an open house. We were immediately struck by his honest and open approach to selling a house. We were further impressed by his knowledge of the market and experience. As we worked with him to sell our house we found him to be hard working and professional. He also helped us find and purchase a home. Again, his performance as a buyer's agent was great. I have dealt with many brokers over the years in my business. I would recommend Pete to anyway without reservation.”

“I found that Pete Doty is well informed about the Greater Denver Metro Area. His input resulted in a higher return on the home we moved from, and his effective negotiations were helpful when we purchased the home we moved to. I was particularly impressed with how much more effective and knowledgeable Pete was where compared to the realtor’s who represented the other parties in our home sale, and our home purchase.

I also found Pete’s recommendations helpful when seeking the other professionals who assisted in these transactions. He recommended a fine home finance company, and an excellent home inspector.”

“I truly enjoyed working with Pete. He communicated well, was very responsive & I enjoyed his sense of humor. Being a country farm girl (originally), I really liked his "home town" feeling & felt very comfortable working with his honesty & respect for all.”

“If you want a realtor who is truly an expert in not only the market, but also has a phenominal knowledge of the peculiarities and "watchouts" for different neighborhoods, then Pete Doty is your man. Being new to the area, Pete's council really saved us from making some choices that likely would have resulted in some unhappy and expensive surprises for our home purchase. I especially appreciated that Pete was always a minute-man when we found a new listing that we wanted to see right now, before it was gone. He never put us off for later.

Pete Doty is an entirely trustworthy individual--listen carefully to what he says (and subtly implies) and you won't go wrong. Only thing was, I often didn't understand Pete's humor!!”

“Pete Doty helped us attain the seemingly unattainable with patience, kindness and professionalism. He encouraged us throughout the process and made certain that all details were in line. We highly recommend Pete Doty & Company!”